Economy Picks Up
A while back, someone commented that the chip manufacturers were a leading indicator of rough economic waters ahead.
Well, Dell just showed a 25% profit growth on increased business buying. This despite a weaker quarter for government orders. Since profits are accounted for in dollars, the weaker currency also improved foreign sales. But isn't that what it's supposed to do?
Since we were all waiting on improved business investment, and consumer retail buying is now showing respectable, although slightly softer, year-over-year growth, it's safe to say that the Kerry Recovery is underway.
Posted by joshuasharf at November 11, 2004 03:23 PM
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